Barclays PLC Acquires New Holdings in Frequency Electronics, Inc. (NASDAQ:FEIM)

Barclays PLC bought a new position in shares of Frequency Electronics, Inc. (NASDAQ:FEIM) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 12,693 shares of the communications equipment provider’s stock, valued at approximately $153,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its position in shares of Frequency Electronics by 0.3% during the second quarter. Dimensional Fund Advisors LP now owns 684,633 shares of the communications equipment provider’s stock worth $6,237,000 after acquiring an additional 1,847 shares in the last quarter. Evernest Financial Advisors LLC acquired a new position in Frequency Electronics in the 3rd quarter worth $124,000. XTX Topco Ltd bought a new position in Frequency Electronics during the 3rd quarter worth about $189,000. Finally, Thompson Davis & CO. Inc. raised its stake in shares of Frequency Electronics by 43.3% in the 3rd quarter. Thompson Davis & CO. Inc. now owns 76,134 shares of the communications equipment provider’s stock valued at $920,000 after purchasing an additional 23,009 shares during the period. Institutional investors own 58.60% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised Frequency Electronics from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 20th.

Frequency Electronics Stock Down 2.5 %

Shares of FEIM opened at $17.60 on Wednesday. Frequency Electronics, Inc. has a twelve month low of $8.62 and a twelve month high of $20.33. The stock has a market capitalization of $169.15 million, a P/E ratio of 21.46 and a beta of 0.41. The company has a 50 day moving average of $15.15 and a 200-day moving average of $13.10.

About Frequency Electronics

Frequency Electronics, Inc, together with its subsidiaries, engages in designing, development, and manufacturing of precision time and frequency control products and components for microwave integrated circuit applications. It operates through two segments, FEI-NY and FEI-Zyfer. The FEI-NY segment offers precision time and frequency control products for communication satellites, terrestrial cellular telephone or other ground-based telecommunication stations; and other components and systems for the U.S.